{"id":550499,"date":"2022-04-03T13:05:22","date_gmt":"2022-04-03T13:05:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/ev-startups-attracted-plenty-of-investor-interest-but-need-to-actually-start-manufacturing\/"},"modified":"2022-04-03T13:05:22","modified_gmt":"2022-04-03T13:05:22","slug":"ev-startups-attracted-plenty-of-investor-interest-but-need-to-actually-start-manufacturing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/ev-startups-attracted-plenty-of-investor-interest-but-need-to-actually-start-manufacturing\/","title":{"rendered":"EV startups attracted plenty of investor interest \u2014 but need to actually start manufacturing"},"content":{"rendered":"

<\/a> EV startups need to prove they were worth the risk \u2014 and actually<\/strong> manufacturing vehicles is probably a good starting point:<\/strong> The green transition that has gathered steam over the past few years, with the global consensus being that the future of on-land transport will be EVs, leading to investors piling in on the industry early on. With all this interest, wannabe EV manufacturers found themselves being the most popular bunch in the party \u2014 without ever having manufactured an actual car or making any revenue, writes the Financial Times<\/a>. At least 18 automakers have listed in the past two years via SPAC while startup Rivian has successfully completed a USD 11.9 bn IPO, with these companies soaring above oldschool carmakers in valuation<\/a>. However, the next 12 months are crucial to prove that EV makers were worth the heaping investments poured into them.<\/p>\n

Investors are looking for the next Tesla, but don\u2019t want the years of headache that came with it: <\/strong>While Tesla has proved that EV manufacturing can be a lucrative business, it took Elon Musk a decade to get it right. Investors are hoping that these new EV makers could emulate Tesla\u2019s success, but they\u2019re not willing to wait that long for results. The impatience also means that the euphoria is already beginning to wane, as mass production of EVs is not as easy as previously thought, particularly in light of the commodities and supply chain rises, which pushed EV makers to push up prices on vehicles that haven\u2019t been introduced yet while slashing production targets for the year.<\/p>\n

Partnerships \u2014 and even more investments \u2014 may be key to survival: <\/strong>Many EV startups thought the plan of action would entail building their own factory \u2014 a target they now can\u2019t seem to complete without needing even more money. Faced with rising costs and pressure from investors, wannabe EV makers are seeking help from the old school auto giants, mainly through partnerships. Nonetheless, with others deciding to take on the journey solo, investors are crossing their fingers and hoping they chose correctly.<\/p>\n","protected":false},"excerpt":{"rendered":"

EV startups need to prove they were worth the risk \u2014 and actually manufacturing vehicles is probably a good starting point: The green transition that has gathered steam over the past few years, with the global consensus being that the future of on-land transport will be EVs, leading to investors piling in on the industry […]<\/p>\n","protected":false},"author":1,"featured_media":550500,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[633,356,638,246,651],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-enterprisepm","tag-evs","tag-for-your-commute","tag-green-economy","tag-tesla","wpautop","entry"],"acf":{"mongo_id":"bbf288f4-878e-4569-861d-cc66b4c07f2a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/424.jpg","photo_position":"above","related_issue":[550495],"teaser":"","voice_url":""},"yoast_head":"\nEV startups attracted plenty of investor interest \u2014 but need to actually start manufacturing - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/ev-startups-attracted-plenty-of-investor-interest-but-need-to-actually-start-manufacturing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EV startups attracted plenty of investor interest \u2014 but need to actually start manufacturing\" \/>\n<meta property=\"og:description\" content=\"EV startups need to prove they were worth the risk \u2014 and actually manufacturing vehicles is probably a good starting point: The green transition that has gathered steam over the past few years, with the global consensus being that the future of on-land transport will be EVs, 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for hybrid vehicles in the near future, its chief executive Toshihiro Mibe said,\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/477.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586407,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/10\/china-plays-pacman-with-ev-market-share-is-messi-following-cr7-to-ksa\/","url_meta":{"origin":550499,"position":3},"title":"China plays PacMan with EV market share + Is Messi following CR7 to KSA?","author":"enterpriseam admin","date":"10 May 2023","format":false,"excerpt":"Chinese-manufactured electric vehicles are proving more competitive \u2014 and appealing \u2014 than competitors","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR 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Under a 2018\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/212.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573340,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/29\/the-next-step-in-our-journey-to-an-ev-future-will-cost-about-egp-500-mn\/","url_meta":{"origin":550499,"position":5},"title":"The next step in our journey to an EV future will cost about EGP 500 mn","author":"enterpriseam admin","date":"29 July 2020","format":false,"excerpt":"INVESTMENT WATCH- The next step in our journey to an EV future will cost about EGP 500 mn: The plant that will eventually assemble 25k electric vehicles a year in partnership with China\u2019s Dongfeng Motor Corporation will cost EGP 500 mn to get off the ground, Public Enterprises Minister Hisham\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/240.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=550499"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550499\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/550495"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/550500"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=550499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=550499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=550499"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=550499"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=550499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}